Sales dropped to one home sold over the last 30 days in the 22831 zip code market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to zero for the same period. The median sales price dropped dramatically to $25,000 over the latest reporting period for the 22831 zip code, down from $105,000. The 22831 zip code is a definite buyer's market, thanks to a big 27 months of inventory to choose from and a pullback in sales.
Comments:

22831 is a zip code in Virginia. It's less affluent than average and the cost of living is less expensive compared to the rest of the state, with a median income of $45,326 per household and cost of living adjustment score of 93.3. Homes in the 22831 zip code are relatively old with a median age of 39 years.
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The 22831 zip code market saw sales remain steady this week at three homes sold over the last 30 days, while it undergoes a recent downward trend in price reductions, with zero in the same time frame. While price reduction numbers fell, sale prices dropped as well. This week's reported median sales price of $105,000 continued a four-week downward trend. The 22831 zip code is a strong buyer's market, with a big nine months of inventory to choose from coupled with falling prices.
Comments:

The number of sellers who put their homes up for sale in the 22831 zip code market over the last 30 days remained flat this week at zero. Home sales also remained unchanged from the prior period and once again two homes were sold. The median sales price remained unchanged over the latest reporting period for the 22831 zip code, coming in at $139,250. Along with flat sales, a relatively high 14 months of inventory indicates that the 22831 zip code is a definite buyer's market.
Comments:

Fewer sellers put their homes up for sale in the 22831 zip code market over the last 30 days and the number of new listings tumbled this week to zero. Home sales remained unchanged from the prior period and once again two homes were sold. The median sales price remained unchanged over the latest reporting period for the 22831 zip code, coming in at $139,250. Along with flat sales, a relatively high 14 months of inventory indicates that the 22831 zip code is a solid buyer's market.
Comments:

There was one home sale in the 22831 zip code market over the last 30 days, above the 0.3 monthly average. In comparison, the nearby 22801 zip code had 43 sales in the same time frame, the most of all neighboring zip codes. The 22831 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 27 months of remaining inventory.
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The 22831 zip code market was quiet this week and reported zero home sales over the last 30 days. The 22831 zip code usually averages 0.3 sales per month.
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22831 is a smaller-than-average zip code in Virginia with a population of 882 residents. Also, it has a much lower than average density with 12.2 people per square mile. It should be noted that at 68.1%, most people own their homes in the 22831 zip code.
Comments:

The 22831 zip code market was quiet this week as no sales were reported over the previous 30 days. The 22831 zip code usually averages 0.3 sales per month.
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$145K  
The number of homes coming into the 22831 zip code market spiked to three listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. Prices were able to climb as this week's reported median sales price of $150,000 continued a four-week upswing. The 22831 zip code is a strong buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
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